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Institutional Investment Manager
TFS CAPITAL LLC
TFS CAPITAL LLC (CIK: 0001427379) incorporated in Virginia, located at 10 N. High Street, West Chester, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 711 holdings with a total value of $374,068,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 COMMERCIAL VEH GROUP INC 216,286 1,196,000 0.32%
102 Natera, Inc. 100,172 1,173,000 0.31%
103 UNIFI INC COM NEW 35,875 1,171,000 0.31%
104 CENTRAL GARDEN & PET CO 37,524 1,159,000 0.31%
105 DUCOMMUN INC DEL COM 45,141 1,154,000 0.31%
106 SUNCOKE ENERGY INC COM 100,893 1,144,000 0.31%
107 AMERICAN AXLE & MFG HLDGS INC COM 57,515 1,110,000 0.30%
108 NRG YIELD INC 71,527 1,099,000 0.29%
109 CALERES INC 33,355 1,095,000 0.29%
110 CIVITAS SOLUTIONS INC 54,590 1,086,000 0.29%
111 JOHNSON OUTDOORS INC 27,274 1,083,000 0.29%
112 KELLY SVCS INC CL A 47,070 1,079,000 0.29%
113 BARNES & NOBLE ED INC COM 93,587 1,073,000 0.29%
114 BEYOND INC 60,273 1,055,000 0.28%
115 CONVERGYS CORPORATION 42,651 1,048,000 0.28%
116 KULICKE & SOFFA INDS INC 65,430 1,044,000 0.28%
117 Curis, Inc 337,840 1,041,000 0.28%
118 ARDELYX INC COM 73,069 1,038,000 0.28%
119 CONTANGO OIL & GAS CO COM NEW 110,179 1,029,000 0.28%
120 SCHNITZER STL INDS 39,858 1,024,000 0.27%
121 WORLD FUEL SVCS CORP 21,809 1,001,000 0.27%
122 COSAN LTD 133,158 1,000,000 0.27%
123 HESKA CORP 13,953 999,000 0.27%
124 GENERAL COMMUNICATION INC 51,290 998,000 0.27%
125 CINCINNATI BELL INC NEW COM NEW 44,533 995,000 0.27%
126 REAL IND INC COM 162,585 992,000 0.27%
127 FLEXSTEEL INDS INC COM 16,073 991,000 0.26%
128 CELESTICA INC 83,435 989,000 0.26%
129 KARYOPHARM THERAPEUTICS INC COM 105,040 987,000 0.26%
130 PROASSURANCE CORP COM 17,544 986,000 0.26%
131 ANGIODYNAMICS INC 58,476 986,000 0.26%
132 CONSTELLIUM NV CL A 165,402 976,000 0.26%
133 OVERSEAS SHIPHOLDING GROUP I 254,797 976,000 0.26%
134 WSFS FINL CORPORATION 20,860 967,000 0.26%
135 PRA HEALTH SCIENCES INC 17,527 966,000 0.26%
136 ASCENT CAP GROUP INC 59,194 962,000 0.26%
137 TUTOR PERINI CORP 34,228 958,000 0.26%
138 LIQUIDITY SERVICES INC 97,961 955,000 0.26%
139 MDC PARTNERS INC 145,355 952,000 0.25%
140 ENDO INTL PLC 57,745 951,000 0.25%
141 ARMSTRONG FLOORING INC COM 47,752 951,000 0.25%
142 PERRY ELLIS INTL INC 38,096 949,000 0.25%
143 CHARLES RIV LABS INTL INC 12,461 949,000 0.25%
144 NEWLINK GENETICS CORP COM 92,041 946,000 0.25%
145 VWR CORP 37,704 944,000 0.25%
146 TEREX CORP NEW 29,916 943,000 0.25%
147 PARKER DRILLING COMPANY 356,932 928,000 0.25%
148 COHU INC 65,404 909,000 0.24%
149 NEUROCRINE BIOSCIE COM USD0.001 23,493 909,000 0.24%
150 LivaNova PLC 20,009 900,000 0.24%
Page 3 of 15

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001111830-17-000033, filed 2017.01.20).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.